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The manufacturing activity in China has continued to fall for the second month, indicating that the world's second largest economy is still facing economic slowdown.

An index of China's manufacturing was recorded at 49.8 for September, according to the data released by the statistics bureau in Beijing. The Chinese government is expected to increase efforts to revive its economic growth in the country after recording two straight months of a fall in manufacturing sector.

A groundbreaking pension scheme that will automatically enroll hundreds of thousands of employees in the UK, have come into effect from today.

The scheme will roll in as many as 10 million people and is being described as one of the biggest schemes ever. The scheme will only include employees in firms with more than 120,000 staff members initially. The scheme will thus include banks and super markets in the beginning.

According to a new survey, about half of the financial service providers in the UK recorded lower profits during the third quarter of the year.

According to the latest figure released by the authorities, the price f private homes have risen by 0.5 per cent during the third quarter till September in the tiny nation of Singapore.

The prices had recorded a rise of 0.4 percent in the second quarter and a fall of 0.1 percent during the first quarter of the year till March, according to data released by the Urban Redevelopment Authority (URA) of Singapore.

The New Zealand dollar has fallen against the US dollar in the global currency market today amid announcement of weak manufacturing data from China.

The national currency of the country was valued at US $ 82.68c in today's trading compared to US $ 82.90c earlier. The currency was at 73.80 on the Trade Weighted Index of major trading partners' currencies compared to 73.91 recorded in the morning trade.

The Australian dollar has fallen to the level of US $ 1.0360, which is its lowest level in a week, mainly due to the release of weak Chinese manufacturing data for September and the continuing uncertainty in European nations such as Spain and Greece.